ABX triple downward wave is over. The exchange rate points towards the end of a triple wave structure decline. In the picture, in the area marked with quadratic angles, we expect uncertain low-speed motion. From this rectangle, a dual wave structure ascending motion can start. The primary target price is 13.01 usd.
Me gusta GOLD (Barrick Gold, minera).. en la medida que respete el mínimo de hoy la deberíamos volver a ver hacer un intento contra los 14 dólares, y si pasara esa cifra habilitaria un importante recorrido al alza (15,50 y 18)..
Stop debajo del mínimo de hoy o en todo caso armar una posición escalonada que se completaría en 11.70..
ABX chatter has been increasing heavily among analysts during 2018.
Macquarie Downgrade the shares of Barrick Gold Corporation from Outperform to Neutral when they released a research note on October 22nd, 2018. (BEFORE merger with RandGold was approved)
Citigroup Upgraded the shares of Barrick Gold Corporation from Neutral to Buy in a research note they...
ABX looks really good at current levels especially with the market corruption taking place.
Right now, Daily and Weekly Charts look good.
Although we are not happy with the stock price action of late, we still think 2019 will be a record year for ABX.
The Randgold merger was approved and announced today. After the positive news on the merger, ABX then released...
I'll be watching ABX.TO tomorrow for a potential swing entry. My entry stop will be below the last hourly support and if I do take this trade, I will monitor any SPY consolidation to ensure my position is not in danger.
Key resistance 17.40
Barrick Gold Corporation surged in the last two week as gold rises amid a global stock market correction. Where the stock price high rocketed to see gains as high as 26%. Now price is trading at key resistance of the bearish channel. Look closely to the performance of gold for the direction of price.
Bearish Reversal: Price rejects a breakout...
$ABX Bearish shooting star candle into earnings later today. Looking overbought on the daily chart. Expecting a near term price correction.
Targeting $10.00-11.50 range
Note: Informational analysis, not investment advice.
ABX seems ready to complete a potential 5 wave correction. A rejection on the upper trendline can indicate the starting point for the final E wave. If this is the case i'm expecting a strong breakout to the upside.